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Credit Risk Officer (m/f/diverse)
senior · Risk & Compliance
Your tasks
- Ensure (i) independent and competent credit risk analyses and assessments (forward looking analysis, industry expertise and peer comparison); (ii) to support the front office in structuring transactions in a risk-adequate manner and (iii) ongoing risk monitoring;
- Where possible produce a one-step credit processing for the borrowing entity incl. the relevant BeNeLux ,German and other borrowers (i.e. acts as group CO).
- Decide on ratings and possible risk mitigants (i.e. collateral);
- Take credit decisions within held Delegated Authority and recommend proposals to higher approval authorities ensuring presentations are of the required high standard;
- Develop and actively maintain Sector/Regional knowledge for the specific sectors/regions covered within the team;
- Monitor the portfolio regarding rating actuality and distinctive risk feat• ures as well as to report on risk relevant findings;
- Be responsible together with the relationship manager for getting the necessary client information and research, potentially with direct client contact to take into account the overall risk profile (amount/tenor/rating) to match the depth of analysis required;
- Consider and comment on the risk/return profile of the exposure managed/approved.
In line with Commerzbank’s high standards regarding client-oriented services and subject to general principles, business and credit related directives, as well as the guidelines for managing credit risks:-
Hierarchy:
Directly reporting to: Local Credit Officer (F3)
Specific Main duties:
- Ensure best practice credit risk analyses, assessments and decisions;
- Approve credit applications according to delegated authorities based on the independent internal rating and the given collateral if appropriate;
- Decline transactions if necessary, to define conditions for approval or to propose alternative structures;
- Assist front office and legal in negotiation of loan and trading documentation to ensure that signed documents meet credit criteria;
- Ensure that the re-rating and credit reviews in your responsibility are done in a timely manner and in compliance with applicable guidelines including override of ratings as appropriate
- Supply of necessary information from his/her own sphere of activity for the preparation of Industry Batches;
- Take care of up-to-date ongoing risk monitoring (e.g. collecting information, Watch-List, early-warning signals, compliance with covenants) to identify and detect at earliest opportunity credit deterioration and suggest/propose specific risk mitigation;
- Escalate/ inform the Local Credit Officer of process disruptions, problematic cases, relevant decisions in individual cases that may be escalated;
- Determine/recommend if counterparties have to be transferred to GRM CC-RC (“intensive care”) and to prepare the respective action;
- Ensure input of credit related information into the relevant IT systems in a timely and orderly manner;
- Visit clients in case of need (coordinated with the respective front office);
- Support and consult the front office in credit risk related issues;
- Ensure the fulfilment of tasks in an economic, efficient, quality- and deadline-conscious manner;
- Promote transfer of know-how and “buy in” to a team spirit / co-operation ethos; and
- Assist Local Credit Officer with input into various reports and ad hoc requirements relating to portfolio analysis (i.e. Portfolio Reviews, factbooks etc).
Your Profile
Experience: minimum 5 years credit experience in the Dutch market.
Language skills: Fluent in English and Dutch (orally and written)